JGB Pprices Fall after Report BOJ may Widen Rate Target


TOKYO, March 18 Reuters Japanese government bond prices fell on Thursday as investors became cautious about rising rates after a report that the Bank of Japan may allow 10year bond yields to move slightly wider.

The move will be among steps the BOJ will unveil on Friday to make its massive stimulus programme sustainable, the Nikkei newspaper reported.

The 10year JGB yield rose 1.5 basis points to 0.105, while the 20year JGB yield rose one basis point to 0.490. The 30year JGB yield rose three basis points to 0.690. The twoyear JGB yield was flat at minus 0.145.

The fiveyear yield rose 0.5 basis point to minus 0.090.

Benchmark 10year JGB futures fell 0.10 point to 151.1, with a trading volume of 17,072 lots.

Reporting by Tokyo markets team; Editing by Devika Syamnath

Source Reuters

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